PSE Circular for Brokers No. 902-99
PSE Circular for Brokers No. 902-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 28, 1999
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April 28, 1999 PSE CIRCULAR FOR BROKERS NO. 902-99 April 27, 1999 PHILIPPINE STOCK EXCHANGE, INC . Disclosure Department Listings and Disclosure Group 4th Floor, PSE Center Exchange Road, Ortigas Center Pasig City Attention: Mr . Reynold P . Ong Vice-President Gentlemen : Further to our letter advice dated 22 February 1999, please be informed that at the Bank's annual meeting held on 26, April 1999, the stockholders of the Bank approved and ratified the Board of Directors' approval for the declaration of a stock dividend equivalent to ten percent (10.0%) on the 540 Million issued and outstanding shares of the Bank thereby increasing paid-up capital by P540,000,000.00 from P5,400,000.00 to P5,940,000,000.00. The additional 54,000,000 shares shall be taken from the 308, 500,000 unissued shares of the Bank and shall be listed in the stock exchange. Record date is 15 May 1999. STOCK DIVIDEND UPDATE: STOCK 10% EX-DATE May 11, 1999 RECORD DATE May 15, 1999 Very truly yours, (SGD.) ANGELITA L. ORTEGA-CORTEZ First Vice President and Corporate Secretary
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